Tecumseh Products Site Orbitec Building

Industrial for Sale
Catylist Listing ID: 30409817
Property Subtypes: Cold Storage, Flex Space, Industrial-Business Park, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 160,000 SF
Gross Land Area: 25 Acres
Sale Price: $2,600,000
Unit Price: $16.25 PSF
Ceiling: 18 ft.
Docks/Doors: 5 Docks, 2 Doors
Office SF: 2,500 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Building Name: Tecumseh Products
Usable Size (USF): 160,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2019

Overview / Comments

Located just South of State Highway M-50, and fifteen minutes from US-23, this 160,000 sqft industrial building includes 25 acres of land to expand and store materials and supplies for any manufacturing or warehousing needs. The building is currently being refurbished and has 40,000 sqft with a high bay of 21". There is another 30,000 sqft with the lowest height at 14'6". This is part of a large industrial redevelopment in the business friendly City of Tecumseh that will also include office building in an attractive and appealing setting between Tecumseh industrial Park and the heart of downtown Tecumseh.

Additional Details

Nearest MSA: Adrian
County: Lenawee
Taxing Authority: City of Tecumseh
Tax ID/APN: XTO-325-0241-00
Zoning: I-1 INDUSTRIAL
Market Type: Small
Property Located Between: Evans and Maumee
Side of Street: South
Road Type: Paved
Highway Access: US-23 15 minutes East, I-94 30 Minutes North
Airports: DTW 50 minutes Northeast
Site Description: The site is the former Tecumseh Products Plant. It is being renovated and will be built out with a large industrial area with up to 5 build-to-suit buildings. The site will also include office/retail/restaurant mixed buildings, larger professional buildings, and manicured green spaces.
Area Description: Site is located 1/2 mile from a State Highway, and 15 minutes from US-23. It is just south of the Historic Downtown District. Tecumseh and Lenawee County have workers eager for manufacturing and industrial jobs.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1994
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Metal Siding
Parking Type: Surface
Total Parking Spaces: 200
Column Spacing: Varies
Overhead Cranes: Undisclosed
Internet Access: Cable
Zoning Description: Heavy Industrial
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Easements: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,027 15,835 21,322
Median Age: 37.29 40.38 40.69
Households: 2,127 6,262 8,287

Contact

Photograph of Listing Agent

Patrick J. Hoffman, CCIM

Hanna Commercial CPIX Member
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